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Artículos de revistas sobre el tema "Economic development Transaction costs"

Autor: Grafiati

Publicado: 4 de junio de 2021

Última modificación: 9 de febrero de 2022

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1

Frolov, D. P. "From transaction costs to transaction value: Overcoming the frictional paradigm." Voprosy Ekonomiki, no. 8 (August 3, 2020): 51–81. http://dx.doi.org/10.32609/0042-8736-2020-8-51-81.

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The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundatio

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2

Jouan, Julia, Aude Ridier, and Matthieu Carof. "Economic Drivers of Legume Production: Approached via Opportunity Costs and Transaction Costs." Sustainability 11, no. 3 (2019): 705. http://dx.doi.org/10.3390/su11030705.

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Crop diversification is one of the main mechanisms identified for developing a more sustainable agriculture. Legumes are interesting diversifying crops to add to crop rotations because of their many positive impacts on agronomic systems. Nonetheless, production of these crops remains relatively low in Europe, in part because of socio-economic factors. The objective of this study was to analyze how the economic attractiveness of legumes may be influenced by two factors: opportunity costs and transaction costs. The method is divided into three steps. First, we built a database of opportunity cos

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3

KOVAČ, MITJA, and ROK SPRUK. "Institutional development, transaction costs and economic growth: evidence from a cross-country investigation." Journal of Institutional Economics 12, no. 1 (2015): 129–59. http://dx.doi.org/10.1017/s1744137415000077.

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Abstract:This paper seeks to quantify the impact of transaction costs on cross-country economic growth. Our evidence from a cross-country panel data regression analysis reveals a persistent and robust negative effect of increasing transaction costs on the path of economic growth. The growth-enhancing effects of lower transaction costs are confirmed after controlling for the set of conditioning variables and further demonstrated in a cross-country growth model calibration. The results provide evidence that transaction costs might indeed be central to the study of cross-country productivity diff

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4

Kleiner, Georgе B. "Coase’s Transactional Principle in The Light of System Economic Theory." Journal of Institutional Studies 13, no. 3 (2021): 006–19. http://dx.doi.org/10.17835/2076-6297.2021.13.3.006-019.

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The problem of optimization of transaction costs is investigated in the article from system economic theory. The concept of a transaction is interpreted as an interaction that affects the products’ seller and the products’ buyer and the immediate system environment of each of them. The representation of such an environment in the form of a tetrad, which is a relatively stable complex of four basic subsystems of object, project, process, and environmental types, makes it possible to trace the consequences of the transaction impulse in the economic zone of the seller and the buyer. Based on the

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5

Tan, Rong, Volker Beckmann, Futian Qu, and Cifang Wu. "Governing Farmland Conversion for Urban Development from the Perspective of Transaction Cost Economics." Urban Studies 49, no. 10 (2011): 2265–83. http://dx.doi.org/10.1177/0042098011423564.

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This paper considers farmland conversion for the purpose of urban development as a series of transactions and discusses the determinants of appropriate governance structures for governing farmland conversion in terms of process efficiency. Towards this end, the paper develops a theoretical framework for analysing the process of farmland conversion based on transaction cost economics. The framework covers transactions, transaction attributes, governance structures and performance with the aim of minimising transaction costs. The paper also demonstrates the usability of the framework by creating

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6

Malakhov, S. "Transaction Costs, Economic Growth and Labor Supply." Voprosy Ekonomiki, no. 9 (September 20, 2003): 49–61. http://dx.doi.org/10.32609/0042-8736-2003-9-49-61.

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The paper presents the model of allocation of time within dispersion of current prices and under uncertainty of future prices. It is argued that, with a given wage rate and a chosen level of consumption, the individual maximizes savings as the function of time of search. As a result, when the wage rate is increased, the substitution effect is limited by higher prices of imperfect markets, and the income effect is limited by inferiority of consumption goods. The model discovers some differences of economic behavior of men and women. The level of development of an economy also changes the econom

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7

Deng, Xiaohong, Xiaoyu Song, and Zhongmin Xu. "Transaction Costs, Modes, and Scales from Agricultural to Industrial Water Rights Trading in an Inland River Basin, Northwest China." Water 10, no. 11 (2018): 1598. http://dx.doi.org/10.3390/w10111598.

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Water transactions from agriculture to industry have become an important means to address water scarcity and improve water economic efficiency. Transaction costs (TCs) are one of the main factors preventing water markets from forming or efficiently operating. To evaluate the level of transactions costs, we set the appropriate transaction modes for cross-sector lever water trading and evaluated the TCs from agriculture to industry in the Heihe River Basin (HRB), an inland basin in northwest China. We found that the ranges of transaction costs per m3 of water ranged from 0.06 to 1.10 yuan, and t

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8

Yang, Zhi Xue. "Research on Trade Model of Transaction Costs Based on Ecommerce." Applied Mechanics and Materials 26-28 (June 2010): 218–21. http://dx.doi.org/10.4028/www.scientific.net/amm.26-28.218.

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Transaction cost is one of these costs, but mostly mentioned with trade barriers. The trade barrier, also called tariff barracks or non- tariff barracks, focus on the problems that affect transactions in international trade. Transaction cost in economics can be defined as a cost incurred in making an economic exchange. There are a number of kinds of transaction cost have been researched by economists, “search and information costs” (such as those incurred in determining that the required good is available on the market, who has the lowest price.), “Bargaining costs” (the costs required to come

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9

Ulyukaev, A. "Challenges of Russian economic development and government economic policy." Voprosy Ekonomiki, no. 6 (June 20, 2016): 36–44. http://dx.doi.org/10.32609/0042-8736-2016-6-36-44.

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The article analyzes the problems faced by the Russian economy, and response by the government economic policy. The author considers measures to address four key tasks that will maximize long-term economic growth: the reduction of direct and transaction costs, creation of conditions for the transformation of savings into investments, fostering investment activity through the mechanisms of state support, as well as the removal of demand constraints.

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10

Alam, Ahmad Rafay. "Land-locked: An Examination of Some of the Inefficiencies Affecting Transactions Involving Immovable Property." Pakistan Development Review 45, no. 4II (2006): 1323–42. http://dx.doi.org/10.30541/v45i4iipp.1323-1342.

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In the study of law and economics, the Coase Theorem posits that an efficient allocation of resources will result when transactions costs are zero.1 These “transaction costs” may be viewed as impediments to an efficient allocation of resources and can take many forms. For example, long distances between a prospective vendor and purchaser of property and a lack of communication facilities between them would impede even the best of intentions to enter into a bargain. Similarly, the cost of mobilising labour and materials might impede a property developer from pursuing a tender for civil works. I

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11

Hoang, Dung Phuong, and Thong Huy Vu. "A transaction cost explanation of the card-or-cash decision among Vietnamese debit card holders." International Journal of Bank Marketing 38, no. 7 (2020): 1635–64. http://dx.doi.org/10.1108/ijbm-05-2019-0191.

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PurposeThis research provides a new perspective in explaining cardholders' willingness to use debit cards instead of cash by applying the transaction costs economic theory. This study also expands the adaptation of transaction cost economics theory in explaining consumer behaviour by investigating the moderating effects of income and education level on the relationship between perceived transaction costs and willingness to use debit cards.Design/methodology/approachThe conceptual framework was developed primarily from the transaction cost economics theory. An in-depth interview method was empl

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12

Godłów-Legiędź, Janina. "The Coase theorem and idea of transaction costs – their significance for the development of economics." Comparative Economic Research. Central and Eastern Europe 12, no. 4 (2009): 61–76. http://dx.doi.org/10.2478/v10103-009-0022-7.

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Ronald Coase drew the attention of main stream economists to the significance of social coordination in the economic system. The key role was played here by much-disputed political conclusions drawn from Coase’s idea as well as by his famous theorem and the zero transaction costs theory. The study focuses on the division of labor as a starting point for analysis of zero transaction costs. From this vantage point, the best example of the world of zero transaction costs is Robinson Crusoe’s island. However, very often the concept of zero transaction costs is associated with the assumption of per

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13

Singh, Nirvikar. "Transaction costs, information technology and development." Indian Growth and Development Review 1, no. 2 (2008): 212–36. http://dx.doi.org/10.1108/17538250810903792.

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14

Darabi, Hassan, and Danon Jalali. "Illuminating the formal–informal dichotomy in land development on the basis of transaction cost theory." Planning Theory 18, no. 1 (2018): 100–121. http://dx.doi.org/10.1177/1473095218779111.

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Transaction cost theory is largely used to investigate the formal domain of land and housing. In the informal domain, however, this perspective has been employed largely as a supplement in addressing the other fundamental notion in new institutional economics—property rights—despite the possibility that informality in land development can emerge regardless of the informality or formality of such rights. To cover this gap, this study developed a theoretical framework based on transaction cost theory to explain the formal–informal dichotomy in land development. The proposed framework maintains t

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15

Durth, Rainer. "Wie kann die Verbreitung von neuem Wissen in Europa gefördert werden?" Perspektiven der Wirtschaftspolitik 2, no. 3 (2001): 303–17. http://dx.doi.org/10.1111/1468-2516.00054.

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Abstract In knowledge-based economies the effective use of new knowledge is the most important determinant of economic growth, and the capacity to generate and diffuse innovation forms the basis of comparative advantages. Transaction costs are the main reason why new knowledge takes so much time to spread around. Since clusters attract new ideas more easily, transaction costs may also cause regional divergence. European diffusion policies should therefore aim to minimize transaction costs for exchanging knowledge. It is proposed that this could be done by supporting extra-legal contractual rel

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16

Rosenthal, Jean-Laurent. "The Development of Irrigation in Provence, 1700-1860: The French Revolution and Economic Growth." Journal of Economic History 50, no. 3 (1990): 615–38. http://dx.doi.org/10.1017/s0022050700037189.

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Quantiative and qualitative evidence suggest that the returns to irrigation in France were similar during the eighteenth and nineteenth centuries. The Old Regime failed to develop irrigation because of fragmented political authority over rights of eminent domain. Since many groups could hold projects up, transaction costs increased dramatically. Reforms enacted during the French Revolution reduced the costs of securing rights of eminent domain.

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17

Famulski, Tomasz. "Selected Legal Aspects of Transaction Costs." Finanse i Prawo Finansowe 1, no. 13 (2017): 21–32. http://dx.doi.org/10.18778/2391-6478.1.13.03.

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The aim of this article is to identify the relation between transaction costs and the law, both on theoretical and practical grounds. In literature various approaches on the issue of transaction costs are presented, but it was Ronald H. Coase’s discovery and explanation that turned out to be one of the most crucial determinants of the development of Law & Economics. Thereby, the findings of economics on the issue of transaction costs are interfuses L&E as a jurisprudential movement. Detailed analysis of selected current Polish legal regulations lead to a conclusion that some of those r

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18

Loch, Adam, Silvia Santato, C. Dionisio Pérez-Blanco, and Jaroslav Mysiak. "Measuring the Transaction Costs of Historical Shifts to Informal Drought Management Institutions in Italy." Water 12, no. 7 (2020): 1866. http://dx.doi.org/10.3390/w12071866.

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Coase shows how costly resources are (re)allocated via costly institutions, and that transaction costs must therefore be positive. However, Coase did not elaborate on transitions between institutions which incur positive transaction costs that are characterized by numerous institutional complementarities; that is, feedback loops that inform the need for, and pathways toward, institutional change. Economic investigations of complementary modes of (re)allocation are rarely undertaken, let alone studies of transitions between modes. However, modes of (re)allocation that achieve similar results at

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19

Hawkins, Christopher V. "Political incentives and transaction costs of collaboration among US cities for economic development." Local Government Studies 43, no. 5 (2017): 752–75. http://dx.doi.org/10.1080/03003930.2017.1337568.

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20

Vasyl, MUKOVIZ. "TRANSACTION COSTS OF A BUSINESS ENTITY: ACCOUNTING AND ANALYTICAL SUPPORT." Herald of Kyiv National University of Trade and Economics 137, no. 3 (2021): 133–46. http://dx.doi.org/10.31617/visnik.knute.2021(137)10.

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Background. Each entity in the course of business has transaction costs (TC) that directly or indirectly affect financial and economic position of an entity. The volume of TC is constantly growing, so we should take them into account in making management decisions, to ensure their monitoring, separate accounting and to record in the books of the entity. Analysis of recent research and publications has shown that there is a large number of scientific achievements of foreign and domestic scientists, but significant number of issues connected with the importance of reflecting information on tran

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21

Shastitko, A. "Pouring Water out of the Tub, Do not Forget the Baby! (On the Correlation of Antimonopoly Policy and Economic Development)." Voprosy Ekonomiki, no. 12 (December 20, 2003): 111–19. http://dx.doi.org/10.32609/0042-8736-2003-12-111-119.

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Key arguments on mutual exclusion of antimonopoly policy and economic development are criticized in the article. Analytical tools of the New Institutional Economics are used to identify the background of antimonopoly policy: property rights as a bundle of rights, externalities, transaction costs, comparative analysis of discrete structural alternatives. Perspective directions of constructive criticism and development of antimonopoly policy have been indicated.

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22

F. Stepanenko, Raviya, and Murat R. Kamarov. "LEGAL UNDERSTANDING OF TRANSACTION COSTS." Humanities & Social Sciences Reviews 7, no. 6 (2019): 668–72. http://dx.doi.org/10.18510/hssr.2019.76100.

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Purposes: This paper is devoted to the legal understanding of transaction costs both as a concept and a method developed within the framework of the institutional economics discipline for analyzing the consequences of various kinds arising from the exchange of goods. This work is relevant due to the need to apply new interdisciplinary methodological approaches to solving the problems that classical jurisprudence faces. The authors gave legalized concepts of transaction and transaction costs. Methods: As the main task within the framework of this paper, the authors proposed a classificati

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23

Kung, James Kai-Sing, and Ying Bai. "Induced Institutional Change or Transaction Costs? The Economic Logic of Land Reallocations in Chinese Agriculture." Journal of Development Studies 47, no. 10 (2011): 1510–28. http://dx.doi.org/10.1080/00220388.2010.506916.

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Dubrovsky, Valery, Natalya Yaroshevich, and Evgeny Kuzmin. "Transactional approach in assessment of operational performance of companies in transport infrastructure." Journal of Industrial Engineering and Management 9, no. 2 (2016): 389. http://dx.doi.org/10.3926/jiem.1721.

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Purpose: Offer an alternative method to assess operational performance of companies in transport infrastructure of a region by making a comparison between transaction costs. The method is supposed to be a cross-functional and possibly applied to an analysis of economic entities of a different order (country, region, sector, companies) while evaluating “viscosity” / complexity of the outside and the inside.Design/methodology/approach: The paper includes an analysis of various methodological approaches to assess a development level of the transport infrastructure in a region. Within the author's

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25

Wink Junior, Marcos Vinício, Hsia Hua Sheng, and William Eid Junior. "Transaction costs: an empirical analysis of their relationship with investment and foreign direct investment." Revista de Administração de Empresas 51, no. 2 (2011): 175–87. http://dx.doi.org/10.1590/s0034-75902011000200005.

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As stated by the New Institutional Economics theory, transaction costs play a relevant role in economics and, according to the extent of such costs, agents make investment decisions. Actually, transaction costs may represent a disincentive to entrepreneurship. This work aims to verify whether transaction costs are related to investment rate and foreign direct investment rate (FDI) in different business environments. The results suggest that foreign investors do not have precise information about other countries as domestic investors do; as it is observed, only the relation between transaction

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Lerner, Daniel Grandisky, Helder Marcos Freitas Pereira, Maria Sylvia Macchione Saes, and Gustavo Magalhães de Oliveira. "When Unfair Trade Is Also at Home: The Economic Sustainability of Coffee Farms." Sustainability 13, no. 3 (2021): 1072. http://dx.doi.org/10.3390/su13031072.

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This paper addresses the issue of unfair trade practices, investigating the drivers of the differences between farm-gate and free-on-board (FOB) prices in the most important Arabica coffee producing countries worldwide: Brazil, Guatemala, Colombia, Honduras, Peru, and Ethiopia. Our study looks at those differences taking into account the literature on governance in agri-food chains, with a focus on each country’s domestic market. We performed panel-corrected standard error (PCSE) estimates in ICO and World Bank data, covering the period from 2007 to 2016. In the paper we analyze (i) property r

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27

Todorova, Tamara. "Adverse Effects of Transaction Costs in East European Economies." Organizations and Markets in Emerging Economies 2, no. 1 (2011): 34–50. http://dx.doi.org/10.15388/omee.2011.2.1.14288.

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Abstract. At a given level of technology the gross aggregate production function lies above the net aggregate production function where the difference represents the aggregate transaction costs in the economy. Transitional economies facing serious institutional impediments to creating a smoothly functioning market mechanism are faced with sizable transaction costs. We use a net production function model enhanced by Furubotn and Richter and apply it conceptually to the case of transitional economies. We find that at a particular level of a community isoprofit line much less output will be suppl

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28

Wilts, Henning, Marina Fecke, and Christine Zeher. "Economics of Waste Prevention: Second-Hand Products in Germany." Economies 9, no. 2 (2021): 74. http://dx.doi.org/10.3390/economies9020074.

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Reuse is still seen as a “niche phenomenon” and consumers seem to waste economic opportunities linked to buying and selling second-hand products. For this reason, this paper focuses on incentives and barriers to sell and buy second-hand products, as indicated in the literature, and applies a theoretical framework of transaction costs to explain the existing consumption patterns. For this paper, a representative online survey was conducted in which 1023 consumers in Germany participated, age 16 and older. The data were analyzed for statistically significant deviations between different groups o

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29

Khan, Muhammad Arshad, Abdul Qayyum, and Saeed Ahmed Sheikh. "Financial Development and Economic Growth: The Case of Pakistan." Pakistan Development Review 44, no. 4II (2005): 819–37. http://dx.doi.org/10.30541/v44i4iipp.819-837.

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The pioneering contributions of Goldsmith (1969), Mckinnon (1973) and Shaw (1973) regarding the relationship between financial development and economic growth has remained an important issue of debate in developing economies. The theoretical argument for linking financial development to growth is that a well-developed financial system performs several critical functions to enhance the efficiency of intermediation by reducing information, transaction, and monitoring costs. A modern financial system promotes investment by identifying and funding good business opportunities, mobilises savings, mo

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Fan, Ke, Edwin H. W. Chan, and C. K. Chau. "Costs and Benefits of Implementing Green Building Economic Incentives: Case Study of a Gross Floor Area Concession Scheme in Hong Kong." Sustainability 10, no. 8 (2018): 2814. http://dx.doi.org/10.3390/su10082814.

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Economic incentives are widely used to promote green buildings (GB) and consume social resources. However, few studies evaluate the costs and benefits of implementing economic incentives, including hidden costs and benefits. This paper applies cost–benefits analysis (CBA) and transaction cost (TC) theory to systematically evaluate the costs and benefits of implementing the green building economic incentives, with focused study on the Gross Floor Area (GFA) Concession Scheme in Hong Kong. The data of costs and benefits indicate how the GFA Concession Scheme motivates stakeholders and how much i

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Manig, Winfried. "The Importance of the Informal Financial Market for Rural Development Financing in Developing Countries: The Example of Pakistan." Pakistan Development Review 35, no. 3 (1996): 229–39. http://dx.doi.org/10.30541/v35i3pp.229-239.

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The informal credit market is of crucial importance in the rural areas in Pakistan, even after decades of considerable development of formal credit organisations and of subsidised credit programmes by the government. This is due mainly to the fact that informal credit relations are embedded in the economic, political, and social interaction networks of the inhabitants in the rural areas. These interaction networks also maintain the direct credit costs and the transaction costs at a low level. However, the national development policy underestimates or even negates the significance of the inform

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Mick, Stephen S. Farnsworth, and Patrick D. Shay. "Accountable Care Organizations and Transaction Cost Economics." Medical Care Research and Review 73, no. 6 (2016): 649–59. http://dx.doi.org/10.1177/1077558716640411.

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Using a Transaction Cost Economics (TCE) approach, this paper explores which organizational forms Accountable Care Organizations (ACOs) may take. A critical question about form is the amount of vertical integration that an ACO may have, a topic central to TCE. We posit that contextual factors outside and inside an ACO will produce variable transaction costs (the non-production costs of care) such that the decision to integrate vertically will derive from a comparison of these external versus internal costs, assuming reasonably rational management abilities. External costs include those arising

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Ghosh, Soumen N. "The Economics of Transaction Costs: Theory, Methods and Applications (review)." Journal of Developing Areas 37, no. 1 (2003): 190–91. http://dx.doi.org/10.1353/jda.2004.0007.

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Zhang, Ting, Ke Huang, and Anlu Zhang. "Choice of Rural Collective Construction Land Sales and Rental Markets at the Theoretical Framework of Williamson’s Transaction Costs: Evidence from Nanhai District, Guangdong Province, China." Sustainability 13, no. 15 (2021): 8473. http://dx.doi.org/10.3390/su13158473.

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The rural collective construction land (RCCL) market imperfections, as well as informal regulations, may have contributed to high transaction costs. Well-functioning land markets play an essential role in land-use revenue, land-use efficiency, and land allocation efficiency for the rural collective economic organization (RCEO). Therefore, specific land-use patterns and detailed transaction rules for the land rental market and land sales market, respectively, make a contribution to a suitable market model with lower transaction costs and higher market efficiency. Through an empirical investigat

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Hira, Andy, and Katherine Reilly. "The Emergence of the Sharing Economy: Implications for Development." Journal of Developing Societies 33, no. 2 (2017): 175–90. http://dx.doi.org/10.1177/0169796x17710071.

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With the spread of internet-based technologies, the sharing economy is emerging as a new and rapidly growing sector of the economy. This sector offers transformative potential for many other sectors of the economy, and possibilities for new economic activity and growth in the developing world. The sharing economy is a misnomer, as while there are possibilities for more cooperative economic approaches, the primary emphasis is on the reduction of transaction costs including the elimination of middlemen in sales between a good/service provider and a customer. In this introductory article to the s

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Ojha, Abhoy K. "Organizational Forms in the Electronic Age." Vikalpa: The Journal for Decision Makers 29, no. 3 (2004): 83–96. http://dx.doi.org/10.1177/0256090920040307.

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There is a fundamental shift in economics of information due to emerging information and communication technologies (ICTs). This shift has resulted in what is popularly called the ‘information revolution.’ Most people are quite familiar with arguments that suggested the death of organizations as we know them. While a lot of such writing was hyped, there is a definite impact of the emerging ICTs on fundamental organizing principles leading to some real changes in organizations. This paper attempts to understand and explicate some of these influences by expanding the framework offered by Transac

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Kozlov, Dmytro V. "Analysis of Externalities of Economic Activity of the Enterprise." Mechanism of an Economic Regulation 2021, no. 2 (2021): 86–94. http://dx.doi.org/10.21272/mer.2021.92.09.

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The problems of research of internalities and externalities with the further development of the general classification of externalities of economic activity of the enterprise are defined. The influence of negative and positive externalities on society and enterprise is considered. The concept of negative externalities differs from transaction costs. It is noted that transaction costs can be reflected in cash and can be offset by market inclusion in the price of the products, but this is not possible for externalities. It is emphasized that the purpose of economic activity of any enterprise is

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Norton, Seth W. "Transaction Costs, Telecommunications, and the Microeconomics of Macroeconomic Growth." Economic Development and Cultural Change 41, no. 1 (1992): 175–96. http://dx.doi.org/10.1086/452002.

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ABDULLAH, NIK MUSTAPHA RAJA, K. KUPERAN, and ROBERT S. POMEROY. "Transaction Costs and Fisheries Co-Management." Marine Resource Economics 13, no. 2 (1998): 103–14. http://dx.doi.org/10.1086/mre.13.2.42629225.

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Lofthouse, Jordan Karl. "Culture and Native American economic development." Journal of Entrepreneurship and Public Policy 9, no. 1 (2019): 21–39. http://dx.doi.org/10.1108/jepp-06-2019-0050.

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Purpose The purpose of this paper is to explore how culture affects economic development on Native American reservations by examining how culture directs the attention of entrepreneurs and interacts with formal governance institutions. Design/methodology/approach This paper combines theoretical insights from economic sociology, market process economics and institutional economics as a basis to evaluate entrepreneurship and economic development on Native American reservations. Culture, as a web of social meanings, shapes what opportunities entrepreneurs are alert to, influences how they perceiv

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41

Farhat, Seema. "Globalisation, Information Technology, and Economic Development." Pakistan Development Review 35, no. 4II (1996): 1019–33. http://dx.doi.org/10.30541/v35i4iipp.1019-1033.

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The decrease in coordination and transaction costs on account of information technology creates more opportunities for firms to make production “footloose”; it allows firms to base different parts of their business in different countries and connect them by real time information networks. The rapid growth in information services is thus facilitating the integrated international production of goods and services. This paper discusses the linkages between information technology and economic globalisation, and examines the reality of developing countries in relation to the perceived benefits of in

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MCCARTHY, NANCY, and MONICA DI GREGORIO. "Climate variability and flexibility in resource access: the case of pastoral mobility in Northern Kenya." Environment and Development Economics 12, no. 3 (2007): 403–21. http://dx.doi.org/10.1017/s1355770x07003609.

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In many regions of the world, property rights to natural resources are held under various forms of communal ownership, which often exhibit flexibility for users to access different resources depending on relative need. This paper explores the links between climate variability, transactions costs associated with resource access, and patterns of herd mobility in northern Kenya. Results indicate that greater spatial variability of vegetation leads to greater herd mobility, and that higher transaction costs reduce mobility for herds engaged in long-distance movements. Moreover, long-distance mobil

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43

Zadadaev, S. A., V. V. Skalkin, V. V. Velikorossov, and E. I. Anikanov. "A view of business incorporation and development: The transaction approach through agent-based modeling." Finance and Credit 26, no. 2 (2020): 442–55. http://dx.doi.org/10.24891/fc.26.2.442.

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Subject. The article deals with reasons and the nature of business incorporation and development, as the neoclassical approach to studying economic processes becomes more popular. Objectives. The study evaluates the validation of business incorporation theories using the apparatus of the institutional economic and the transaction approach. The article aims to check the verification of theoretical concepts concerning reasons and the nature of business incorporation and development through the modern method of agent-based modeling. Methods. We apply methods of logic research, economic analysis a

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CACHO, OSCAR J., GRAHAM R. MARSHALL, and MARY MILNE. "Transaction and abatement costs of carbon-sink projects in developing countries." Environment and Development Economics 10, no. 5 (2005): 597–614. http://dx.doi.org/10.1017/s1355770x05002056.

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Projects in the forestry sector, and land-use change and forestry projects more generally, have the potential to help mitigate global warming by acting as sinks for greenhouse gasses, particularly CO2. However, concerns have been expressed that participation in carbon-sink projects may be constrained by high costs. This problem may be particularly severe for projects involving smallholders in developing countries. Of particular concern are the transaction costs incurred in developing projects, measuring, certifying, and selling the carbon-sequestration services generated by such projects. This

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45

Stamm, Volker. "Non-Commercial Systems of Land Allocation and their Economic Implications: Evidence from Burkina Faso." Journal of Modern African Studies 32, no. 4 (1994): 713–17. http://dx.doi.org/10.1017/s0022278x00015950.

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The preliminary results of on-going research in Burkina Faso, undertaken in collaboration with the University of Ouagadougou, suggest that the lack of titled land and land markets does not necessarily imply serious economic disadvantages, such as little investment or low productivity, and that the transaction costs of moving from a traditional to a modern system of land tenure would be far higher than if old arrangements continued to operate.

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Garfamy, Reza Mohammady. "Supply Management: A Transaction Cost Economics Framework." South East European Journal of Economics and Business 7, no. 2 (2012): 139–47. http://dx.doi.org/10.2478/v10033-012-0022-6.

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Abstract Transaction Cost Economics (TCE) is an economic theory that provides an analytical framework for investigating the governance structure of contractual relations within a supply chain. The purpose of this paper is to examine existing research in an effort to understand the potential effects of transaction costs on the vertical coordination of a supply chain. The paper arrives at many insights into how supply chains are organized under different governance structures. These insights can certainly be shared via the development and introduction of related propositions. The conceptual typo

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Mau, V. "Economic and Political Results of 2002 and the Problems of Economic Policy at the Election Year." Voprosy Ekonomiki, no. 2 (February 20, 2003): 4–25. http://dx.doi.org/10.32609/0042-8736-2003-2-4-25.

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The article deals with the trends and priorities of social and economic policy of Russia in 2002-2003. It presents the detailed analysis of the current debate on economic growth in the country. The author stresses two important facets of contemporary growth. First, the importance of profound structural changes and development of post-industrial economic system. Second, the specifics of post-revolutionary development which means high level of transaction costs and diminishing rate of "reconstruction growth". The problems of WTO accession and Common European Economic Area are discussed also from

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Prokopowicz, Dariusz, and Mirosław Matosek. "IMPORTANCE AND SECURITY OF INFORMATION PROVIDED BY THE INTERNET IN THE CONTEXT OF THE DEVELOPMENT OF ECONOMIC ENTITIES IN POLAND." International Journal of New Economics and Social Sciences 6, no. 2 (2017): 0. http://dx.doi.org/10.5604/01.3001.0010.7637.

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With the development of information-sharing techniques via the Internet, there are many benefits for beneficiaries, customers and users of public sector information services. On the other hand, entities providing electronic information via the Internet appear to be able to significantly reduce transaction costs of conducted financial transactions and electronic data transfer. On the other hand, the process of making information available via the Internet generates a number of risks associated with identity theft, hacker hacking of classified data, and money scams in electronic banking systems.

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Hardt, Lukasz. "The history of transaction cost economics and its recent developments." Erasmus Journal for Philosophy and Economics 2, no. 1 (2009): 29. http://dx.doi.org/10.23941/ejpe.v2i1.22.

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The emergence of transaction cost economics (TCE) in the early 1970s with Oliver Williamson's successful reconciliation of the so-called neoclassical approach with Herbert Simon's organizational theory can be considered an important part of the first cognitive turn in economics. The development of TCE until the late 1980s was particularly marked by treating the firm as an avoider of negative frictions, i.e., of transaction costs. However, since the 1990s TCE has been enriched by various approaches stressing the role of the firm in creating positive value, e.g., the literature on modularity. He

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Singh, Prakash, and Sanjeev Kapoor. "Transaction costs in microfinance – study from clients’ perspective." International Journal of Development Issues 18, no. 1 (2019): 34–50. http://dx.doi.org/10.1108/ijdi-06-2018-0081.

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PurposeThe issue of transaction cost (TC) has always been the concern of both researchers and policymakers in microfinance. This paper aims to measure the TC of borrowers across various microfinance business models in India.Design/methodology/approachTo identify sources of the TC of the clients in the entire process of borrowing loan, the technique of process mapping has been used in this study. Using the data collected from randomly selected 700 clients under different microfinance models, the study has computed the different components of clients’ TC.FindingsThe results show that although SH

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